David Sullivan is refusing to panic even though West Ham United have made a miserable start to the new season, losing all three Premier League matches and conceding nine goals in the process.
However, the Hammers co-owner insists Avram Grant is not under any pressure and will be given time to turn the team's fortunes around.
West Ham face Chelsea this weekend, but Sullivan told the London Evening Standard:"I'd like to put the record straight. Nobody is pressing any panic buttons and reports to the contrary are rubbish.
"We're building a new team under a new manager and transition is a tough time but, game by game, I anticipate an improvement over the coming months.
"We expect the team to come together over the next few games and see some real progress. When we looked at the early fixtures we knew we faced a tough time but we only managed two points from the same fixtures last season."
Meanwhile, Lord Coe has welcomed the club's bid to take over the Olympic Stadium in Stratford after the 2012 Games.
Coe, chairman of the London Organising Committee for the Olympic Games, said:"The Olympic Park Legacy Company are currently talking to Newham Council, talking to West Ham and talking to a plethora of other organisations that have shown interest at one level or another so I know that West Ham are not the only game in town.
"But the owners of West Ham have expressed a real understanding that the community wants to have a footprint here and I have no problems with track and field living alongside football."